Is 0% Crypto Tax Coming? Everything About the U.S. House Hearing

Key Points

1. The U.S. House hearing titled 'Making America the Crypto Capital of the World' focuses on modern tax policy to support digital asset growth.

2. Speculations about a 0% capital gains tax for U.S.-based tokens exist, but no official confirmation has been provided.

3. Senator Cynthia Lummis introduced a bill to align crypto tax rules with traditional finance, seeking public input to advance the legislation.

4. The bill proposes excluding crypto lending from certain tax rules and aims to generate around $600 million by 2034.

5. The hearing and bill reflect efforts to provide tax clarity and foster long-term growth in the digital asset sector.